Which of These Variances Is Least Significant for Cost Control

question 98

Multiple Choice

Which of these variances is least significant for cost control?

• A) Labor price variance.
• B) Material quantity variance.
• C) Fixed overhead price variance.
• D) Production volume variance.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activity itself rather than external rewards.

Internal Factors

Influences that originate from within an individual, such as personality traits, emotions, and thoughts, affecting behavior and decision-making.

Self-Determination

The process by which a person controls their own life, particularly in relation to the goal of becoming autonomous and self-reliant.

Employee Engagement

The level of enthusiasm and dedication a worker has towards their job and company.